SOURCE: Century Market Research

February 02, 2012 07:30 ET

Domestic Oil Production Rising

Note to Editor: The Following News Coverage Is Issued by Century Market Research

NEW YORK, NY--(Marketwire - Feb 2, 2012) - In a recent Seeking Alpha article titled, "North American Oil Production on the Rise," it is outlined that "American production is undergoing a renaissance." This could translate to higher production from major domestic companies such as Chesapeake (CHK) and Linn Energy (LINE) as well as smaller exploration companies like AER Energy Resources (PINKSHEETS: AERN) and Double Eagle Petroleum (DBLE).

Released yesterday by Bloomberg News, an Article by Peter Orszag, Vice Chairman or Global Banking at Citigroup (C), explains further the information pointing towards the US expanding domestic production. The article points out The Energy Information Administration estimates on the rise of domestic production from 5.5 million barrels a day to 6.7 million by 2020.

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